The state has collected $48.97 million in total marijuana tax revenues since sales began.

Adult-use cannabis sales topped $41 million in March, the most successful month since legal sales began in July last year, according to a report Wednesday from the Nevada Department of Taxation.

Recreational marijuana sales have reached $304.73 million in Nevada, according to the state's most recent data. The total for combined taxable sales -- including medical marijuana, adult-use marijuana, and marijuana-related tangible goods -- is $385.99 million for the first nine months of the fiscal year.

With three months still in the fiscal year, Nevada has already brought in about 97 percent of the combined marijuana tax revenue that was projected for the entire fiscal year. The state's projection for total amount of marijuana tax revenue this year was $50.32 million.

The wholesale marijuana tax, which is paid by cultivators on both medical and adult-use marijuana, has contributed $18.5 million to the tax revenue total so far this fiscal year. The retail marijuana tax, which is paid by consumers on adult-use marijuana purchases (not medical), has contributed $30.47 million fiscal year to date—bringing that particular tax $3.99 million over its individual projection for the year.

The revenue from the 15 percent wholesale marijuana tax, along with fees, penalties and assessments, goes to fund the taxation department’s costs of administering the marijuana program, $5 million per fiscal year goes to local governments, and the remainder goes to the state Distributive School Account

The retail marijuana tax rate is 10 percent; the revenues from this tax go the state Rainy Day Fund, which could be used for any number of government costs down the road.

March numbers continue to point to a strong likelihood that Nevada will close out the fiscal year this June with more robust marijuana revenue collections than anticipated, the Department of Taxation reported.

February was the second largest month of marijuana tax revenue at $5.95 million; July 2017 was the smallest at $3.68 million.

Marijuana tax revenues total $48.97 million fiscal year to date (July 2017-March 2018).

Marijuana flower/bud accounts for roughly 50 percent of all combined medical and adult-use marijuana purchases by consumers, followed by concentrates at about 25 percent and infused edibles at 13 percent.

Marijuana-related fees, penalties, and assessments have generated $10.2 million to date.